PHX Energy Services (TSE:PHX) Insider John Michael Hooks Sells 128,800 Shares of Company Stock

PHX Energy Services Corp. (TSE:PHX) insider John Michael Hooks sold 128,800 shares of the firm’s stock in a transaction on Wednesday, September 23rd. The stock was sold at an average price of C$12.00, for a total value of C$1,545,600.00. Following the completion of the sale, the insider owned 2,510,804 shares of the company’s stock, valued at approximately C$30,129,648. This represents a 4.88% decrease in their ownership of the stock.

John Michael Hooks also recently made the following trade(s):

• On Tuesday, September 22nd, John Michael Hooks sold 57,500 shares of PHX Energy Services stock. The stock was sold at an average price of C$12.00, for a total transaction of C$690,000.00.
• On Friday, September 18th, John Michael Hooks sold 100,000 shares of PHX Energy Services stock. The shares were sold at an average price of C$12.15, for a total transaction of C$1,215,000.00.
• On Monday, September 21st, John Michael Hooks sold 13,700 shares of PHX Energy Services stock. The shares were sold at an average price of C$12.00, for a total transaction of C$164,400.00.
• On Friday, September 4th, John Michael Hooks sold 26,100 shares of PHX Energy Services stock. The shares were sold at an average price of C$12.50, for a total transaction of C$326,250.00.

PHX Energy Services Price Performance

PHX stock opened at C$12.11 on Friday. The stock has a market cap of C$554.17 million, a PE ratio of 12.75 and a beta of 1.30. PHX Energy Services Corp. has a 12 month low of C$6.87 and a 12 month high of C$14.17. The company has a 50-day moving average price of C$11.94 and a 200 day moving average price of C$11.76. The company has a current ratio of 2.07, a quick ratio of 1.25 and a debt-to-equity ratio of 40.80.

PHX Energy Services (TSE:PHX) last announced its quarterly earnings data on Tuesday, August 4th. The company reported C$0.21 earnings per share (EPS) for the quarter. PHX Energy Services had a net margin of 6.46% and a return on equity of 20.25%. The business had revenue of C$178.91 million during the quarter. Equities research analysts anticipate that PHX Energy Services Corp. will post 1.2397516 earnings per share for the current year.

About PHX Energy Services

PHX Energy Services Corp is a Canadian service provider company. It is principally engaged in providing horizontal and directional drilling services, as well as web-based remote electronic drilling recorder technology and services, to oil and natural gas exploration and development companies in Canada, United States, Albania, and Russia. The services provided by the company includes directional drilling and motor rentals, survey management, gyro surveying and stream services. Geographically, the company operates in Canada, United States, and International.